News from NAR: Update on the Mortgage Debt Cancellation Tax Relief Act

WASHINGTON, D.C. – December 19, 2013 – (RealEstateRama) — With NAR’s encouragement, champions of this valuable provision have introduced bi-partisan bills in both the House and Senate (H.R. 2994/S. 1187), to extend the provision for one or two years. Unfortunately, the current prospects of either of these bills being enacted before the end of the year are very slim. NAR is facing four big hurdles